Simpson Manufacturing Co., Inc. Announces 2020 Second Quarter Financial Results
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Simpson Manufacturing (SSD) Tops Q2 EPS by 67c, Revenues Beat
July 27, 2020 4:18 PM EDTSimpson Manufacturing (NYSE: SSD) reported Q2 EPS of $1.22, $0.67 better than the analyst estimate of $0.55. Revenue for the quarter came in at $326.1 million versus the consensus estimate of $251.94 million.
Net sales of $326.1 million increased 7.0% year-over-yearStrong gross margin of 45.9% improved 1.9% year-over-yearIncome from operations of $72.2 million increased 34.6% year-over-year, operating margin of 22.1% increased 4.5% year-over-yearDiluted earnings per share of $1.22 increased 38.6% year-over-yearProviding full year 2020 financial guidance on improved demand outlookDeclared a $0.23 per share cash dividendManagement Commentary
"We executed a strong second quarter with sales of $326.1 million improving 7% year-over-year and 15% quarter-over-quarter on higher... More
